Here’s a radical idea which could also apply to a number of other industries.
1. Wake up and smell the coffee; the world is a different place for several years.
2. No redundancies.
3. Everybody takes a 30% pay cut. (It could be 40%, or 25%, that’s a guess, a starting figure).
4. Everybody’s working hours are cut by the same amount.
Result: everyone stays current and employed, (and well rested). As traffic increases so can working hours and pay levels.